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Unit of study_
CLAW2208: Business Regulation, Risk and Compliance
2024 unit information
Over recent years there has been a dramatic rise in the volume and reach of regulation in response to a variety of social, environmental and economic issues. Much of this regulation impacts on business, and its management who are, increasingly, personally liable. This unit has been designed to provide students with a comprehensive overview of the overall regulatory infrastructure which impacts on all faculty disciplines. Business Regulation, Risk and Compliance addresses self-regulation as an alternative to regulation by law; the regulatory process and the scope for business to influence regulatory initiatives; the alternative regulatory instruments; the executive arm of government - the bureaucracy - and the avenues for challenging administrative decisions; the investigative and enforcement powers of the major regulatory agencies - ACCC, ATO and ASIC; personal and corporate liability for regulatory breach; indemnification; whistleblowing and whistle-blower protection: regulatory compliance with special reference to Australian Standard AS3806-2006 on Compliance Standards and the strategies which facilitate legal action including class actions and litigation funding as well as the major alternatives to litigation including arbitration and alternative dispute resolution with particular emphasis on mediation.
Unit details and rules
Managing faculty or University school:
Accounting
| Code | CLAW2208 |
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| Academic unit | Accounting |
| Credit points | 6 |
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Prerequisites:
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Completion of at least 24 credit points of study |
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Corequisites:
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None |
| Prohibitions:
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None |
| Assumed knowledge:
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None |
At the completion of this unit, you should be able to:
- LO1. recognise and evaluate corporate and personal business risk arising from increasingly complex and comprehensive regulatory regimes
- LO2. describe the frameworks and processes for prescribing regulatory schemes and identify and assess the alternative regulatory strategies available to governments to achieve particular policy outcomes
- LO3. identify, explain and assess the nature and tools of regulatory enforcement available to regulatory agencies
- LO4. identify and analyse the legal and administrative machinery that exists to challenge executive decisions
- LO5. describe and evaluate the alternative strategies for dispute resolution and design regulatory compliance strategies to minimise the likelihood of contravening regulatory regimes
- LO6. evaluate ethical considerations, including whistleblowing, relevant to business and its regulation
- LO7. analyse and evaluate specific regulatory regimes addressed in this unit.
Unit availability
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Modes of attendance (MoA)
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